Kraken Robotics (OTCMKTS:KRKNF) Trading Down 1% – Here’s Why

Kraken Robotics Inc. (OTCMKTS:KRKNFGet Free Report)’s share price traded down 1% on Friday . The stock traded as low as $4.37 and last traded at $4.46. 740,733 shares changed hands during trading, a decline of 1% from the average session volume of 749,139 shares. The stock had previously closed at $4.5045.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. National Bankshares reiterated an “outperform” rating on shares of Kraken Robotics in a research note on Thursday, September 11th. Raymond James Financial reaffirmed an “outperform” rating on shares of Kraken Robotics in a report on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $3.50.

Check Out Our Latest Analysis on KRKNF

Kraken Robotics Stock Performance

The stock’s 50-day moving average price is $4.27 and its 200-day moving average price is $3.13.

About Kraken Robotics

(Get Free Report)

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.

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